Category: Banking

Things to know about Sovereign Gold Bond (SGB) Scheme

The Reserve Bank of India, in discussion with Government of India, has decided to issue Sovereign Gold Bonds. SGBs are government securities denominated in grams of gold and substitutes for holding physical gold. The Bonds will be sold through banks…

Payment Banks – What Payment banks can and cannot do?

Reserve Bank of India on August 19 ‘in-principle’ cleared 11 applicants to start payments banks. This in-principle approval will be valid for a period of 18 months. In this time period these entities has to fulfill all the requirements and…

What Is EVC for Income Tax Return Filing?

Electronic Verification Code (EVC) for Income Tax Return Income Tax Return filed by the taxpayer is treated as valid only when it is verified by the taxpayer. Income tax department has introduced e-verification of returns this year for paperless e-filing…

Why Loan Applications Get Rejected?

If you have put up a loan application with a bank, then they will examine a lot of things before approving you the loan. They examine your income level, your credit score, address etc. to grant the loan. Now I…

Different types of Loan in India | Kinds of Loans in India

Different Types of Loans given by the financial institution of India Personal Loan: Everyone has certain dreams in their personal life. But achieving these dreams in the real life is not easy. Due to uncertainties present in our life, a…

Co-Operative Banks In India

Co-operative banks are special type of banking in which people co-operate with each other with a view to promote their mutual interest. So, we could say that Co-operative banks are not functioning entirely on commercial boundary; they work on the…